February 9, 2012

GOLD AND SILVER INSANITY CONTINUES

As we have been describing, gold and silver lately have run up on good news and run down on bad news. This morning gold ran up on the good news that Greek agreement had been reached. When the news crossed the wires that Troika had concerns about the agreement, which is bad news, gold and silver promptly fell.

Almost anyone who is a serious investor would have known that there would be a follow-up statement on newswires relating to Greek agreement especially from Germany.

The point is there was no surprise in the morning news as Greek agreement was expected, and there was no surprise in the later news including concern from Germany. … Please click here or the title below to read more.

February 9, 2012

Rare Earth Stocks Set to Fall

The breaking news is that the Japanese Ministry of Economy is planning to cut dysprosium demand by over 30%.

Dysprosium is a rare earth element.

This is a negative for Rare Element Resources Ltd. (REE) as it reduces demand. Rare Element is a miner of rare earths.

Rare earths is a misnomer as these minerals are plentiful in nature.

Dysprosium is used in making hard disks, lasers, advanced lighting, nuclear reactor control rods, dosimeters, Terfenol-D, and transducers.

Last year, rare earth stocks such as Rare Elements, Molycorp (MCP) and Avalon Rare Materials (AVL) had run up in an emotional frenzy. Now they have come down to earth, but there is more room to fall.… Please click here or the title below to read more.

February 9, 2012

ADDING TO GOLD (GLD) ON GREEK DEAL

Gold (GLD) is running up on the good news that Greek deal is done. Adding a 5% tranche to GLD at $170.05.… Please click here or the title below to read more.

February 9, 2012